EX-MINISTER OF DEFENSE KEPT HIS PROMISE

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[07:32 pm] 10 April, 2007

Serzh Sargsyan has tried to show his gift of a Prime Ministry. On
February 8, ex-minister of defense promised to set working the Chemical
factory which is of vital importance for the Vanadzor residents.

The factory will start working one of these days.

Great efforts were made to fulfill Prime Minister’s promise. RA
Minister of Energy Armen Movsisyan personally deals with this matter
and makes sure about the deadlines. ‘I believe we’ll manage to bring
once fame to the factory, thus employing thousands of people in
Vanadzor.’ Armen Movsisyan claimed after his last visit to Vanadzor.

In spite of the active works in the factory, people have very little
hope for the factory opening. They consider it to be just a political
maneuver at the threshold of NA elections

In respond to the residents’ meditations, the Minister of Defense
assures that no band will be cut. "To remind, I first made the
announcement three months ago. The Election Day was not fixed then. We
can postpone the opening after the elections if this helps," Armen
Movsisyan told.

Anyways, the factory will set working as soon as possible. 30% of
the salary has been redeemed. They will start employment procedures
on April 4.

Firstly, carbide workshop will be set in action.

Secondly, they will produce corundum which is stipulated in a
month. Thus all types of production as well as new ones are due
to restore.